The merger of two of the major players in Papua New Guinea’s oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?
Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?
Welcome,
21 Jul 2021 by 1 Comment
Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
People moves: Oil Search, Credit Corp
Welcome,
21 Jul 2021 by Leave a Comment
Oil Search says goodbye to its Managing Director and Credit Corporation (PNG) welcomes Chair.
PNG Biomass green power project under threat in Papua New Guinea
Welcome,
31 May 2021 by 2 Comments
The future of one of Papua New Guinea’s highest profile green energy projects, PNG Biomass, appears under a cloud following the move by state-owned utility PNG Power to potentially cancel the power purchase agreement it has with the project.
People moves: Chinese Embassy, Qantas, Oil Search, Bougainville, PNG Institute of Directors
Welcome,
19 May 2021 by Leave a Comment
The Embassy of the People’s Republic of China gets a new head, Qantas welcomes new Regional Manager, Oil Search appointment for the PNG Orchids, Autonomous Region of Bougainville names key post-referendum figure, and new Fellow inducted into the Institute of Directors.
Papua New Guinea’s ‘public health emergency’ a continued challenge, says Oil Search MD
Welcome,
30 Apr 2021 by Leave a Comment
Having emerged from the ‘most challenging’ year in its 92-year history, Oil Search Ltd is now facing an escalation of COVID-19 infections in Papua New Guinea. In spite of this, shareholders at its annual general meeting were told PNG’s largest company is ‘coming through the challenges well’.
Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman
Welcome,
7 Apr 2021 by Leave a Comment
Papua New Guinea took a step closer to resolving a significant governance issue related to its stock exchange, PNGX, following a National Court ruling late last month. However, uncertainty continues to hold back PNG’s capital markets, reports David James.
Oil Search’s MD talks about the next wave of gas projects in Papua New Guinea
Welcome,
6 Apr 2021 by Leave a Comment
Oil Search is a key partner in the next wave of gas projects in Papua New Guinea but has faced a tough year. Business Advantage PNG speaks with Managing Director Dr Keiran Wulff on the company’s future in PNG and the rich potential of its gas reserves.
Total SA and Papua New Guinea sign key agreement for Papua LNG to move forward
Welcome,
12 Feb 2021 by Leave a Comment
The long-awaited signing of the Fiscal Stability Agreement between the Papua New Guinea government and Total SA has been announced. It opens to the way for the project to go forward.
Total expected ‘shortly’ in Papua New Guinea to advance Papua LNG, says Kumul Petroleum MD
Welcome,
3 Feb 2021 by 4 Comments
The signing of a fiscal stability agreement between Papua New Guinea and French oil major Total looks set to trigger the FEED phase of the multi-billion dollar Papua LNG project. Wapu Sonk, Managing Director of national oil company Kumul Petroleum, tells Business Advantage PNG the signing is expected within the next two weeks.
USD 0.2850
AUD 0.3860
GBP 0.2044
EUR 0.2399
NZD 0.4075
JPY 31.23
SGD 0.3857
Recent readers’ comments